Latest news
Latest news
Domivest also priced its Dutch BTL RMBS
The £500m trade is the joint largest non-bank credit card ABS, matched by CoT’s previous deal
Lendco also added a UK BTL RMBS to the pipeline
More articles
More articles
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Santander UK’s Holmes 2011-3 RMBS picked up an impressive $2bn of demand for its ‘A2’ dollar tranche this week. With European banks said to be struggling with dollar liquidity, the deal highlights the continued bid from ABS investors for secured dollar paper at the short end, and the resilience of the ABS market to the crippling volatility that is still hitting wider credit markets.
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Executives at Two Harbors Investment Corporation, a real estate investment trust, aren’t worried about new rules proposed by the Securities and Exchange Commission that threaten to wipe away the sector’s coveted tax exemption and ability to lever.
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The U.K. prime residential mortgage-backed securities sector is expecting a boost following the successful pricing Wednesday of Santander U.K.’s Holmes 2011-3.
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If a government-sponsored refinancing wave swept the residential mortgage-backed securities market, it could translate to a 20-25 basis point hike in RMBS yields, according to JPMorgan analysts.
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Santander U.K.’s new issue from its U.K. residential mortgage-backed securities trust Holmes has priced, testing the reboot of Europe’s public securitization market after months of scant activity. -
Redwood Trust’s latest residential mortgage-backed securities transaction hit the market Wednesday, with Fitch Ratings assigning the bulk of the $357.20 million publicly offered notes AAA ratings.
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Bingham McCutchen has hired securitization partner Dan Passage away from O’Melveny & Myers to build out the firm’s Los Angeles branch and grow its bench in the esoteric asset-backed securities sector.
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Fitch Ratings unveiled its new valuation model for prime residential mortgage-backed securities today, featuring a so-called sustainable loan-to-value ratio.
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Santander UK has launched Holmes 2011-3, ending a two month hiatus in the public European ABS market.
